US-Ukraine agreement

Subject: US-Ukraine agreement

On 30 April 2025, the United States and Ukraine concluded an agreement establishing an investment fund for the reconstruction of Ukraine.

Set to last 10 years, the fund is designed to boost Ukraine’s economic development and attract investment to support the country’s reconstruction. The agreement will give the US preferential access to new projects to extract natural resources in Ukraine – such as rare-earth elements, titanium and lithium – while Ukraine will retain full ownership and control thereof.

The fund will be managed with equal voting rights for the US and Ukraine, and future revenue will also be distributed equally.

In view of the above:

1. Is the Commission willing to consider EU participation in the fund created by this agreement?

2. To what extent will conclusion of the agreement affect the Ukraine Facility?

3. Will US involvement in the exploitation of Ukrainian resources affect Ukraine’s EU accession process? If so, to what extent?

Submitted: 7.5.2025